Global Impact of European-Russian Gas Sector Sanctions

Economic sanctions have become a prevalent tool in U.S. foreign policy, showing effectiveness in coercing policy changes and maintaining advantages over rival nations. The EU and NATO are enhancing cooperation and resources in response to Russia's aggression in Ukraine, with significant support for Ukraine in various forms. Belarus and Russia are actively promoting the Eurasian security concept through regular conferences and enhanced diplomatic coordination. Geopolitical tensions between Europe and Russia have led to sanctions on Russia's natural gas sector, impacting both regions economically and globally, prompting efforts to reduce dependence on Russian gas and causing ripple effects in the business world.